J.C. Penney (JCP -0.4%) hasn't fully explained how its new pricing model will meld with...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP -0.4%) hasn't fully explained how its new pricing model will meld with specialty shops, argues Walter Loeb. Even worse, he laments that the "cold turkey" approach to its transformation has alienated longtime JCP shoppers (see Q1, Q2), leaving the retailer starting behind the eight ball.